**It is reported that SpaceX is raising a new round of huge funds, with a valuation of about $127 billion. According to a company wide email from SpaceX, the space company hopes to raise up to $1.725 billion in new capital at $70 a share** It is worth noting that SpaceX split its share price by 10 to 1 in February, which reduced the common stock to $56 per share.
SpaceX also made a secondary sale of up to $750 million in common shares to insiders and existing shareholders. The company regularly makes these secondary offerings as a way for long-term shareholders to sell equity, as SpaceX has remained private for more than 20 years since its establishment.
So far, the "demand for capital increase is tepid".
The company's valuation has soared over the past few years, and SpaceX has raised billions of dollars to fund the work of two capital intensive projects: the next generation rocket starship and its global satellite internet network Starlink.
SpaceX's round of financing comes at a time when musk, founder and CEO, is involved in the sexual harassment allegations of a stewardess in the company's business aircraft fleet. Musk believes that the charges against him are "barbaric charges". It is reported that the flight attendant did not sue SpaceX, but reached a Severance Agreement of $250000 in 2018.